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Miramar Beach 32550
653 Bayou Drive
$245,000
● House - Off Market

653 Bayou Drive

Miramar Beach, FL 32550
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,362 Ft²
$489,597
RealtyHop Estimate
86.87%
Since Jan 1, 2015
National-US
Primary Model

About This Property

Located on the Links golf course with an updated kitchen, new carpet and some new furniture . This is a 2 brm / 2 bath, plus a bunk room, one level flat in Bayou II. Central location to easily get to all resort amenities.
Unit Size
1,362 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
House
Property Taxes
-
HOA Dues
$650
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (ECAR MLS #715312)

Price History

Date / Event Date Event Price
Dec 29, 2014 Sold
Premium
Sold
Sep 22, 2014 Listed by Sandestin Real Estate $262,000
Listed by Sandestin Real Estate
Dec 16, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,200
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYOU VILLAGE
  • Land Acres: 0000000051
  • Standard Land Use Code: 1004
  • County Land Use Code: 0400
  • Legal Description 1: UNIT 653 BAYOU VILLAGE PH II IN SANDESTIN AND 1/32 INTEREST IN COMMON ELEMENT AS REC IN OR 134-87 OR 1487-109 OR 2627-1252 OR 2967-2788

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-27-21
  • Subdivision Phase Number: 2
  • Parcel: 27-2S-21-42070-000-6530
  • Block: 65
  • Lot: 6530
  • Meridian: SEC 27 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3819
  • Longitude: -86.3339

    Address

  • Full Address: 653 Bayou Dr
  • Address - House Number: 653
  • Address - Street Name: Bayou
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 4868
  • Zip Code: 32550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $310,927
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 613,636
  • High Value: 750,371
  • Low Value: 476,902

    Market Valuation

  • Market Total Value: $378,977
  • Market Improvement Value: $378,977

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $378,977
  • Assessed Improvements Value: $378,977

    Sales

  • Current Sale Contract Date: Dec 22, 2014
  • Current Sale Recording Date: Dec 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014661306611
  • Previous Sale Recording Date: Dec 16, 2008
  • Previous Sale Contract Date: Dec 10, 2008
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 55

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$497

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1713 ft²

Average Home Age

26.5 years

Currently For Sale

990 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ECAR

Listed by: Bruce Fults, Sandestin Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 715312
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 653 Bayou Drive built and last sold?
The property at 653 Bayou Drive was built in and last sold on Dec 22, 2014 for $245,000.
How much is this home worth?
The estimated value of the home located at 653 Bayou Drive is $0.
What are some comparable homes to 653 Bayou Drive?
There are currently no comparable homes to 653 Bayou Drive.
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